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Sorry it took so long to get back with the question of my situation. I'm 45 and offered early retirement. We are being told to make our company more competitive with others in our industry. Options of so much a month or lump sum. I wish to take the lump sum if I can roll over to an account I can draw interest on to live on.
Our plan allows this if a retirement account. What type of accounts would this consist of to live on the interest? CD's, money markets, etc.? My husband still works. We owe no debts. Home, cars, all paid for. I wish to go to school, learn a new trade. Then go back to work, or even work part time as I go to school.
Any suggestions?
I got lost on the board. My question is in the new Retirement board if anyone notices.
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